European Bioceramics Market Size, Competitive Analysis, Share, Forecast- 2020-2026


Posted October 22, 2020 by preeti18

European bioceramics market is estimated to grow at a CAGR of 5.0% during the forecast period.
 
European bioceramics market is estimated to grow at a CAGR of 5.0% during the forecast period. The increasing number of joint replacement procedures and rising number of dental procedures are some factors driving the market growth. As per the National Joint Registry, UK, the total number of joint replacement procedures recorded was nearly 2.5 million during the period, 2017/18. It is a rise of 9,632 over the previous year. This is resulting in the demand for bioceramics to develop orthopedic implants in the region. The region consists of several major implant manufacturers that primarily focused on innovations, which include Smith & Nephew plc and Biotechni.
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The increasing number of joint revision procedures have led to the demand for advanced materials that can contribute to reduce the chances of revision procedures. Bioceramics is a major alternative to metal alloys in total hip replacement. In bioceramics, alumina is an extensively utilized oxide ceramic material for use in orthopaedic implants, owing to its potential biocompatibility, strength, and wear resistance. It is concluded in several publications that the number of revision procedures of ceramic/ ceramic pairings is lower than polyethylene/ metal pairings. As a result, ceramic implants are gaining wide significance in the orthopedic procedures.
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Based on the country-wise classification, the market is classified into the UK, Germany, France, Spain, Italy, and Rest of Europe. In Germany, a significant presence of the elderly population is expected to drive the demand for orthopedic procedures in the country. As per the Organization for Economic Cooperation and Development (OECD), the people aged 65 and over was 21.5% in Germany. Aging process causes significant changes in skeletal and neuromuscular systems, which resulting in a decrease in lean muscle mass. Ligaments, tendons, and joint capsules also drop tensile strength and are more possibly affected by injury or degeneration. Therefore, joint replacement procedures are being widely performed in the country as an effective way to remove joint pain, improve a deformity, and supporting improve the patient's movement. This is contributing to the demand for bioceramics for development of orthopedic implants in the country. It is used as a biocompatible coating material on heavy load-bearing orthopedic implants.
Some key players in the market include CeramTec GmbH, Kyocera Corp., Straumann AG, CAM Bioceramics N.V., and NGK Spark Plug Co., Ltd. The market players are using strategies such as product launches, mergers & acquisitions, partnerships and collaborations, and geographical expansion, to gain a competitive advantage. For instance, in February 2019, Kyocera Fineceramics GmbH signed an agreement to acquire 100% shares of H.C. Starck subsidiary H.C. Starck Ceramics GmbH, a Germany-based manufacturer of advanced ceramics. In spring 2019, H.C. Starck Ceramics will combine into Kyocera Group, subject to regulatory approval. This acquisition will enable Kyocera to respond faster to clients in Europe.
Market Segmentation
European Bioceramics Market by Product Type
Bio-Inert
• Alumina
• Zirconia
• Others
Bio-Active
• Bioglass
• Glass Ceramics
• Others
Bio-Resorbable
European Bioceramics Market by Application
Dental
Orthopedics
Others
Regional Analysis
• UK
• Germany
• France
• Spain
• Italy
• Rest of European
Company Profiles
• Admatec European BV
• CAM Bioceramics B.V.
• CeramTec GmbH
• CoorsTek, Inc.
• Dentsply Sirona Inc.
• DOCERAM Medical Ceramics GmbH
• H.C. Starck GmbH
• Koninklijke DSM N.V.
• Kuraray European GmbH
• Morgan Advanced Materials plc
• NGK Spark Plug Co., Ltd.
• Paul Rauschert GmbH & Co. KG
• Psilox AB
• Saint-Gobain Group
• Straumann AG
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Issued By preeti
Country India
Categories Business
Tags european bioceramics market
Last Updated October 22, 2020